08
Jul
01:00
China could subsidise steel capacity cuts
China’s Ministry of Industry and Information Technology (MIIT) plans to combine the functions of several departments to focus planning on overcapacity industries, according to local reports. This could mean greater support for steelmakers wishing to exit the market, Kallanish notes.
The reports suggest steelmakers wishing to close capacity could be eligible for support from dedicated funds. These could provide preferential loans, support for worker ret…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous